The growing demand for food items is a major factor responsible for the surging sales of agricultural adjuvants around the world. The rising global population is pushing up the demand for food products, which is, in turn, fueling the sales of these adjuvants across the world. “According to the Population Division of the United Nations Department of Economic and Social Affairs (UNDESA), the global population was 7.6 billion in 2017, and it is expected to reach nearly 9.8 billion by 2050, growing by 30.9% in the next 33 years”.
Because of the mushrooming global population, the farming of crash crops, horticulture crops, and food crops will increase sharply in the upcoming years, thereby boosting the need for agricultural adjuvants. In addition to this, the growing requirement for higher agricultural yield and productivity of farmlands is causing the farmers to adopt various agrochemicals such as pesticides, insecticides, and herbicides and adjuvants in the farming processes. Moreover, the soaring investments being made in the agriculture sector in several countries are positively impacting the global sales of agricultural adjuvants.
Hence, with the increasing usage of these products in agricultural processes, the revenue of the global agricultural adjuvants market will rise from $3,106.7 million to $5,485.1 million from 2019 to 2030. Further, the market is predicted to exhibit a CAGR of 5.5% from 2020 to 2030. Sulfonates, alkoxylates, and organosilicones are the most widely used types of chemicals in agricultural adjuvants, out of which, the usage of the alkoxylates-based adjuvants was found to be the highest in the past and this trend will also continue during the coming years. This is mainly credited to their non-toxic nature.
Get the sample copy of the market overview at: https://www.psmarketresearch.com/market-analysis/agricultural-adjuvants-market/report-sample
The eco-friendly characteristics of these adjuvants make them highly sought after in a variety of applications. Moreover, the rising public awareness of the environmental damage caused because of the utilization of toxic products in farming methods is making the farmers prefer the usage of these adjuvants in the agricultural processes over the other ones. Based on function, the agricultural adjuvants market is classified into utility adjuvants and activator adjuvants. Among these, the activator adjuvants category is predicted to exhibit faster growth in the market in the forthcoming years.
Globally, the North American agricultural adjuvants market is predicted to demonstrate the highest growth, in terms of value, during the upcoming years. This is ascribed to the existence of numerous prominent agricultural adjuvants producing companies such as Clariant AG, Wilbur-Ellis Holdings Inc., Croda International PLC, Stepan Company, and Brandt Consolidated Inc. in the region. In addition to this, the absence of regulations pertaining to the usage of agricultural adjuvants is significantly boosting the adoption of these products in the agriculture sector in the region.
However, despite the aforementioned factors, the growth of the agricultural adjuvants market will be faster in the Asia-Pacific (APAC) region in the coming years than North America, as per the estimates of the market research company, PS Intelligence. This is attributed to the burgeoning utilization of these agrochemicals in the various developing nations of APAC such as India and China. In addition to this, the soaring population in these countries will further push up the usage of agricultural adjuvants in these countries in the years ahead.
Therefore, it can be said with surety that the sales of agricultural adjuvants will boom all over the world in the forthcoming years, mainly because of the rising population and the growing demand for food products across the world.
